@jasonleo said his medium- to long-term market view has not changed and that he still sees the current area as a staged bottom for Bitcoin, with this cycle's bottom region remaining near $58,000 unless an extreme structural breakdown occurs. He said he cut about two-thirds of his position near a roughly $64,000 cost basis as a proactive risk-management step rather than a reversal in outlook, leaving room to respond to tail-risk scenarios and potentially buy back the reduced exposure if the market later moves in line with his expectations. The update adds context to an earlier disclosure that showed the position had been reduced from about 3,500 BTC to about 1,240 BTC, with a screenshot indicating a 5x leveraged long of 1,241.644 BTC backed by about $15.87 million in margin. He also said the account is used as a personal trading journal and warned others not to copy trades, adding that he typically uses 3x to 5x leverage and views recent Bitcoin trading as largely range-bound, with risk becoming much more severe for traders using 10x or 50x leverage.